Connect with us

Science & Technology

World’s Best Blockchain and Artificial Intelligence based Idea for the Financial Markets

Osama Rizvi

Published

on

Some saw Blockchain only in the form of a cryptocurrency and moreover Bitcoin. The purpose behind their understanding was “easy money”. Few won, many lost. Then there were others who could see, in Blockchain, a completely different, revolutionizing technology that would not help in tackling the problem of bio-piracy and change the shipping industry for good. Evidently, the latter were the winners. All of them. As they were able to grasp the true essence of what will be the future.

Welcome to the world of investment and finance. Riddled with speculation, inside information, uncertainty. Hordes of amateur investors due to the lack of information or rather inaccessibility to the right information are drawn to different investment opportunities in different asset classes, only to lose money later on. But that might change very soon!

What is the biggest problem all investor face? Unpredictability. What creates this unpredictability? Reasons galore.One of them is that large financial institutions prefer to serve the needs of the institutional clients over small investors. Second, over a billion small investors spread around the world, in any financial market, ranging from stocks to bonds to commodities to forex and now the newly created asset class of crypto currencies and Tokens, have to rely on the advice of a few human beings, called analysts, whose advice can go wrong at times. And events like financial crisis of the past only cement this fact.

Here we should divert our attention to Artificial Intelligence which in the true and purest sense of the word is revolutionizing the way we are living and will live in the future. From weapon’s industry to health, and from lawyers to analysts everyone is using AI to deliver their products or services in a more efficient and effective way. So, why not combine Blockchain and AI together to create a platform that provides with a better direction in the field of financial markets? A team of 4 companies claim that they have successfully concocted the above two technologies and come up with a platform: NAi Tech.

When the platform goes live over a billion people can benefit. This formidable combination can assist ,novice or veteran investors alike,in predicting the price movement of their investment class, in any direction, along with the phenomenon called “Wisdom Of The Crowd”, which dictates that the probability of any even happening in the financial markets is somewhat dependent on what the collective opinion of the investors is. Blockchain, Artificial Intelligence and “Wisdom of the Crowd” on one platform will change the future of investment decisions for an untapped market of over one billion investors around the world.

NAi Technologies Europe,which is a London registered corporation, is determined to provide the world with such a platform.With a partnership of 4 companies around the world, 250 plus staff in 4 countries and a team consisting of Blockchain PhD’s and Artificial intelligence experts and financial analysts, NAi tech is destined to change the world of investing for many!

Meet the Team: Young energetic founders of this partnership with a proven track record in the technology industry and over 900 delivered projects in the past 10 years are excited to launch this platform and serve the needs of the investors. The President of this partnership, Malik Mudassir, a veteran of the tech industry and founder of Appsgenii, a 10 year old development firm with over 400 projects delivered internationally along with Shahmir Amir, Founder of Dubai based Veiliux, the world number one cyber security prodigy, a 23 year old young man who has been sought by Facebook, Yahoo, Air BNB, Google, Amazon and 120 top tech firms around the world are confident that they will be able to deliver their dream project along with their 250 plus team. Under the tutelage of people like Dr. Atif Farid, a Senior Data scientist with specialization in Blockchain, AI and machine learning with experience in institutes like Bank of America and Dr. Ahmed Hamdhan with over 20 years of experience of financial services and a Senior Program Director at Microsoft HQ in US, the team has only got stronger.

“This is a project that is the need of a billion plus investors around the world. With Artificial Intelligence, you are landing satellites on other planets and gathering big data to predict human behaviors, the most difficult to predict, why then can’t we do the same for the financial markets. ?” says Shahmir Amir, from his office in Dubai on a telephonic interview.

It is instructive to quote an example of Augur here, which is Blockchain-based prediction software. In its ICO it raised 19,053.92 BTC! The fact that Augur doesn’t encompasses that extent of the market (it only focuses on Sports)that NAi plans to do is promising as to the potential of the later.

When online this platform is expected to attract a lot of attention. Given its promise and the way it is going to work. It is not hard to see why!

Independent Economic Analyst, Writer and Editor. Contributes columns to different newspapers. He is a columnist for Oilprice.com, where he analyzes Crude Oil and markets. Also a sub-editor of an online business magazine and a Guest Editor in Modern Diplomacy. His interests range from Economic history to Classical literature.

Continue Reading
Comments

Science & Technology

Science and society: Mind the gap

MD Staff

Published

on

International regulations are failing to keep up with the mind-boggling pace of new scientific discoveries and potential “cowboy” applications.

As we go about our daily lives we never quite know what is around the corner. Is there anything we are doing—a technology we are using–which could one day cause us harm or threaten our existence?

When scientists discovered the ozone layer was being depleted, policymakers eventually heeded the dire warnings of damage to the environment and human health, and a global agreement was reached to take remedial action.

Science is double-edged in that it can bring enormous benefits to humans, but at the same time it can create things we did not intend, with harmful consequences.

Today, scientists are using new tools like 3D printing, artificial intelligence and increasingly powerful computers, microscopes and satellites to better understand our world. They are discovering possible solutions to challenges we know about and are uncovering emerging challenges.

While innovative science holds out the possibility of solving many of the climate change and ecosystems challenges we face, we must be careful not to unleash a Frankenstein. Thus, it is important that society at large understands the global implications of new discoveries and governments agree on regulations in line with the precautionary principle.

Under this principle, stringent risk assessment and the inclusion of diverse stakeholder perspectives should be applied in the development and handling of innovative applications and products. The precautionary principle states that when human activities may lead to unacceptable harm that is scientifically plausible but uncertain, action should be taken to avoid or diminish that harm.

Part of UN Environment’s work is horizon-scanning for the latest discoveries with potentially global implications. To this end, it works with scientists and organizations across the world to highlight the most important emerging challenges for decision-makers in government, business and civil society and provide them with the knowledge and options to act quickly.

At the micro-level, there have been some amazing discoveries recently. Take seed preservation, which is vital given that the world is losing plant species at an unprecedented rate, with about one in five thought to be at risk of extinction.

The Global Strategy for Plant Conservation requires that 75 per cent of threatened plant species be conserved ex situ by 2020. But seed banking (where seeds are dried and stored in a vault at minus 20°C) is not an option for many threatened plants such as oak, chestnut and avocado trees. These trees have desiccation-sensitive seeds which are killed if dried. According to models published in the journal Nature Plants, 36 per cent of critically endangered plant species, 33 per cent of all trees and about 10 per cent of medicinal plants fall into this category.

So alternative techniques are needed. Researchers are investigating cryopreservation for these hard-to-store seeds, which include staples such as coffee and cocoa. Cryopreservation involves removing the plant embryo from the rest of the seed, then freezing it at very low temperatures in liquid nitrogen.

Meanwhile in the United States, scientists have demonstrated how they can generate small quantities of electricity from a mushroom covered in bacteria.

Researchers at Stevens Institute of Technology in the United States used 3D printing to attach clusters of energy-producing bugs to the cap of a button mushroom. They made the mushroom “bionic” by supercharging it with 3D-printed clusters of cyanobacteria (a group of photosynthetic bacteria) that generate electricity, and swirls of graphene nanoribbons that can collect the current. The mushroom, a fungus, provides an environment in which the cyanobacteria can last several days longer than on a silicone and dead mushroom as suitable controls. Such discoveries herald the possibility of harnessing bacteria in new ways for clean energy generation in the future.

Synthetic biology

One challenge identified by UN Environment and partners is the advanced genetic-engineering technology known as synthetic biology. Did you know that scientists can modify microorganisms like E. coli by rewriting their genetic code to turn them into tiny living factories that produce biofuel? Or that Baker’s yeast can also be reprogrammed to derive an antimalarial drug called artemisinin, which is normally sourced from the sweet wormwood plant?

Synthetic biology is defined by the Convention on Biological Diversity as a further development and new dimension of modern biotechnology that combines science, technology and engineering to facilitate and accelerate the understanding, design, redesign, manufacture and/or modification of genetic materials, living organisms and biological systems.

However, the intentional or accidental release of genetically engineered organisms into the environment could have significant negative impacts on both human and environmental health.

Synthetic biology has been identified as an emerging issue with potentially global implications. As such, it will feature alongside governance of geo-engineering, permafrost peatlands, maladaptation (actions that may lead to increased risk of adverse climate-related outcomes), the circular economy of nitrogen, and landscape connectivity in UN Environment’s flagship Frontiers Report due to be released in March 2019.

UN Environment

Continue Reading

Science & Technology

New year, new smart home innovations for your interconnected life

MD Staff

Published

on

Smart home products made major strides in 2018. More people than ever now use connected devices in their homes, and smart home hubs are constantly adding new integrations and capabilities. Research from Statista predicts that by the end of 2018, more than 45 million smart home devices will be installed in U.S. homes, fueling an exciting new phase for the smart home industry, offering consumers new and improved smart technologies and giving rise to a totally interconnected, easy-to-control environment termed the “smart home.”

This innovation looks to continue in the new year with increasingly intuitive products that make life more enjoyable and interconnected. Here are the new smart home products ready to change the way we live in the new year, coming out of the 2019 Consumer Electronics Show (CES).

Laundry made easy

The calendar might have changed, but your laundry needs haven’t gone anywhere. Thankfully, smart home technology is making the chore a little easier with LG’s Ultimate Laundry Room.

The LG Styler is a first-of-its-kind steam clothing care system certified as asthma and allergy friendly(R) by the Asthma and Allergy Foundation of America (AAFA). The Wi-Fi enabled smart LG Styler reduces wrinkles and odor and refreshes garments with the fastest cycle on the market today — as little as 20 minutes — thanks to the gentle power of pure steam technology. Furthermore, LG TWINWash(TM) with SideKick(TM) pedestal washer, an industry-first innovation for laundry, allows users to tackle small loads that are a big deal and can’t wait or wash two loads at the same time.

With LG Styler for daily refreshes, the innovative LG SideKick(TM) mini washer for small loads that can’t wait, and LG’s award-winning top and front load washers and dryers, the LG Ultimate Laundry Room suite of products can be started, stopped or monitored from anywhere using LG’s SmartThinQ(R) app. Users will receive notifications when a cycle has finished, or they can download new cycles, check energy usage and quickly troubleshoot minor issues using Smart Diagnosis. For added convenience, these home solutions can also be controlled with simple voice commands using the Google Assistant.

Smarter home with smart displays

Laundry is just one example of how smart home technology is making life easier. By adding other connected appliances and devices, you can develop a true smart home ecosystem in which seamless integrations produce valuable efficiency. One of the best ways to anchor your ecosystem is with a smart display like the new LG XBOOM AI ThinQ WK9 Smart Display. The advanced smart display builds on the capabilities of a Google Assistant speaker with the added convenience of a touchscreen display and, in partnership with Meridian Audio, delivers high-fidelity sound, precise vocal definition and accurate bass, despite its compact size.

In addition to its audio and video capabilities, the WK9 enables control of other LG ThinQ products such as LG TVs and home appliances, plus more than 10,000 smart devices from over 1,000 brands that work with Google Assistant. By establishing a go-to hub for all your smart home devices, you can increase connectivity and create a fully integrated smart home environment.

Stay connected on-the-go

As innovation continues, smart home technology is branching outside of the home itself. With new products, you can receive notifications regarding your home from anywhere, making sure you never lose touch with the most important things in your life. The first full-screen smartwatch with mechanical hands, the LG Watch W7 allows you to connect and control your smart devices. With two mechanical hands and a micro gearbox, users can enjoy the full WearOS smartwatch experience with the essence and mechanism of a true timepiece. With mobile connectivity, your life becomes easier no matter where you are.

Smart home technology is all about making our lives easier and more comfortable. Whether you’re just doing laundry, looking to power your whole home, or even taking that control on the road, new smart home products provide a level of convenience that’s changing the way we live.

Continue Reading

Science & Technology

From Steel to Smartphones, Meet the World Economic Forum’s New Factories of the Future

MD Staff

Published

on

BMW Group, Regensburg Plant, Germany

The World Economic Forum today announces the addition of seven new factories to its network of “Manufacturing Lighthouses”, state-of-the-art facilities that serve as world leaders in how to successfully adopt and integrate the cutting-edge technologies of the Fourth Industrial Revolution.

The Lighthouses join a group of nine others, which were unveiled in 2018. All were selected from an initial list of 1,000 manufacturers based on their successful implementation of Fourth Industrial Revolution technologies in ways that have driven financial and operational impact.

The wider purpose of the community is to help overcome the practical challenges being experienced by industries in advanced and emerging economies when upgrading technology. Earlier work by the Forum identified that more than 70% of businesses investing in technologies, such as big data analytics, artificial intelligence (AI) or 3D printing, fail to move beyond the pilot phase. In response to this, all Lighthouses in the network have agreed to open their doors and share their knowledge with other manufacturing businesses.

The new Lighthouses represent a range of industries and geographical locations, with four factories located in Europe, two in China and one in the Middle East. Importantly, the list also contains a medium-sized business, the Italian-based Rold. One frequent challenge highlighted by businesses is that they lack the scale and resources to implement advanced technologies cost effectively.

The new Lighthouses are:

BMW Group (Regensburg Plant, Germany): This car plant manufactured approximately 320,000 vehicles in 2018. By using the custom BMW internet of things platform, it incurred time and cost, but the result has been cut the time to deploy all new applications by 80% leading to, among other things, a significant reduction in logistics costs and 5% reduction in quality issues.

Danfoss, Commercial Compressors (Tianjin, China): This factory makes compressors for refrigerators, air conditioning units and other products. By using its full digital traceability system and digital tools such as smart sensors, visual inspection, auto monitoring system etc. to improve quality control, it has improved labour productivity by 30% and decreased customer complaints by 57% within two years.

Foxconn (Shenzhen, China): “Lights off factory” – This factory, which specializes in components for smartphones and other electrical equipment, boasts a fully automated manufacturing process with machine learning and AI driving auto optimization of equipment, smart self-maintenance and real-time status monitoring in smart production. Its Fourth Industrial Revolution-first approach has resulted in efficiency gains of 30% and lowered its stock cycle by 15%.

Rold (Cerro Maggiore, Italy): This 240-employee business makes locking mechanisms for washing machines and dishwashers. As the only SME in the Lighthouse network, its use of Fourth Industrial Revolution technologies such as smart watches, rapid prototyping and digital dashboards has helped improve turnover by between 7% and 8%.

Sandvik Coromant (Gimo, Sweden): This producer of cutting tools and solutions has created a digital thread through its production processes that has significantly raised labour productivity. One example is its ‘touchless changeover’ which allows design patterns to be changed automatically, even during unmanned shifts.

Saudi Aramco Uthmaniyah Gas Plant (Uthmaniyah, Saudi Arabia): The giant’s gas processing plant has become a leader in a number of Fourth Industrial Revolution technologies including the use of Advanced Analytics and Artificial Intelligence solutions via Saudi Aramco Fourth Industrial Revolution Center, the use of drones to inspect pipelines and machinery (cutting inspection times by 90%) and wearable technologies such as digital helmets that help workers cut the time it takes to make inspections and repairs.

Tata Steel (IJmuiden, The Netherlands): This plant of 9,000 employees is putting its people first, creating an Advanced Analytics Academy to help workers come up with solutions to reduce waste, and improve the quality and reliability of production processes. This work has resulted in a significant improvement in financial results.

The Lighthouse programme has been conducted in collaboration with McKinsey. In conjunction with the expansion of the network, the Forum today also publishes a white paper, Fourth Industrial Revolution: Beacons of Technology and Innovation in Manufacturing, which showcases findings from the project to date.

“Lighthouse factories are found in companies large and small, in all industries and regions. Rather than replacing operators with machines, lighthouse factories are transforming work to make it less repetitive, more interesting, diversified and productive. Rather than staying within the factory walls, Lighthouses build a broad innovation system with business, government and civil society. Beyond local pilots, Lighthouses create value and resilience through the supply chain, and agility and responsiveness for customers. Technology, deployed wisely in our manufacturing and production system, can create a better, cleaner world. We hope this network can be a source of inspiration to help break out of productivity stagnation and deliver the maximum positive benefit for society,” said Helena Leurent, Head of the Shaping the Future of Production System Initiative at the World Economic Forum.

“These 16 Lighthouses represent a turning point. We are now seeing the start of the second phase, as Fourth Industrial Revolution technologies are penetrating the core of all industries, and our platform of 16 Lighthouses is the clearest sign we have,” said Enno de Boer, Partner and Head of McKinsey’s Global Manufacturing Practice, which collaborated with the Forum on the project. “However, these leaders have a two-year head start ahead of companies that are still sorting out how to scale. We are running the risk that the value creation will be centered around a few ecosystems, rather than disseminated across entire industries. The race has clearly started.”

The extended network of “Manufacturing Lighthouses” will be officially presented at the World Economic Forum’s Annual Meeting 2019, taking place on 22-25 January 2019 in Davos-Klosters, Switzerland, and convening under the theme, Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution.

Continue Reading

Latest

Reports9 mins ago

Renewable Energy the Most Competitive Source of New Power Generation in GCC

Renewable energy is the most competitive form of power generation in Gulf Cooperation Council (GCC) countries, according to a new...

East Asia2 hours ago

China’s Soft Power Diplomacy on North Korean Nuclear Crisis

For about the last two decades, North Korea’s nuclear weapon development program has become one of the major issues of...

Newsdesk4 hours ago

World Bank Group Announces $50 billion over Five Years for Climate Adaptation and Resilience

The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World...

Style6 hours ago

SIHH: Master Ultra Thin Tourbillon Enamel

The new Master Ultra Thin Tourbillon Enamel features a new tourbillon movement and a new-look date counter. They form a...

South Asia8 hours ago

Pakistan Securing Its Maritime Interest and CPEC

The IOR is a major sea route that unites the Middle East, Africa, and East Asia with Europe and America....

Newsdesk10 hours ago

Making Globalization Work: Climate, Inclusiveness and International Governance Top Agenda of the WEF 2019

The World Economic Forum Annual Meeting 2019 will take place on 22-25 January in Davos-Klosters, Switzerland. The meeting brings together...

Americas12 hours ago

How Has the Purpose(s) of American Higher Education Changed Over Time, and Why?

Initially, universities and colleges have been founded on three central promises such as (a) teaching, (b) public services, and (c)...

Trending

Copyright © 2018 Modern Diplomacy